Geode Capital Management LLC Increases Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Geode Capital Management LLC grew its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,554,142 shares of the semiconductor company's stock after purchasing an additional 267,352 shares during the period. Geode Capital Management LLC owned about 2.36% of Texas Instruments worth $4,032,599,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TXN. Fiduciary Alliance LLC lifted its position in shares of Texas Instruments by 25.3% during the 4th quarter. Fiduciary Alliance LLC now owns 36,801 shares of the semiconductor company's stock worth $6,901,000 after buying an additional 7,424 shares in the last quarter. Ameritas Advisory Services LLC lifted its holdings in Texas Instruments by 73.7% during the fourth quarter. Ameritas Advisory Services LLC now owns 8,739 shares of the semiconductor company's stock worth $1,639,000 after acquiring an additional 3,707 shares during the period. HB Wealth Management LLC boosted its position in Texas Instruments by 4.4% in the fourth quarter. HB Wealth Management LLC now owns 99,856 shares of the semiconductor company's stock worth $18,724,000 after purchasing an additional 4,238 shares during the last quarter. Taika Capital LP bought a new position in Texas Instruments in the 3rd quarter valued at $4,394,000. Finally, Hamlin Capital Management LLC increased its position in shares of Texas Instruments by 9.2% during the 4th quarter. Hamlin Capital Management LLC now owns 871,623 shares of the semiconductor company's stock valued at $163,438,000 after purchasing an additional 73,715 shares during the last quarter. 84.99% of the stock is owned by institutional investors.

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Texas Instruments Price Performance

Shares of NASDAQ:TXN traded down $13.99 during trading on Thursday, reaching $164.20. The company had a trading volume of 11,883,502 shares, compared to its average volume of 5,765,483. The company has a fifty day moving average of $185.47 and a two-hundred day moving average of $194.24. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $149.41 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 3.30 and a beta of 0.99. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.39.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period in the previous year, the firm earned $1.49 EPS. Equities research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments's dividend payout ratio is currently 104.82%.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Janet F. Clark sold 6,065 shares of Texas Instruments stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the transaction, the director now directly owns 10,816 shares of the company's stock, valued at $2,202,353.92. The trade was a 35.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Blinn sold 590 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the sale, the director now owns 11,717 shares of the company's stock, valued at $2,117,379.07. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 297,655 shares of company stock worth $59,841,304 over the last ninety days. Insiders own 0.57% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TXN. Benchmark restated a "buy" rating and set a $230.00 price target on shares of Texas Instruments in a research report on Friday, January 24th. Truist Financial reduced their target price on shares of Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Barclays lowered their price target on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating on the stock in a report on Friday, January 24th. Rosenblatt Securities reissued a "buy" rating and set a $250.00 price objective on shares of Texas Instruments in a report on Tuesday, January 21st. Finally, Wells Fargo & Company lowered their target price on Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $209.20.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.